Franklin Resources Management

Management criteria checks 3/4

Franklin Resources' CEO is Jenny Johnson, appointed in Dec 2016, has a tenure of 4.83 years. total yearly compensation is $15.69M, comprised of 4.8% salary and 95.2% bonuses, including company stock and options. directly owns 1.05% of the company’s shares, worth €107.76M. The average tenure of the management team and the board of directors is 4.2 years and 7.3 years respectively.

Key information

Jenny Johnson

Chief executive officer

US$15.7m

Total compensation

CEO salary percentage	4.8%
CEO tenure	8yrs
CEO ownership	1.0%
Management average tenure	4.2yrs
Board average tenure	7.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jenny Johnson's remuneration changed compared to Franklin Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$432m
Jun 30 2024	n/a	n/a	US$810m
Mar 31 2024	n/a	n/a	US$861m
Dec 31 2023	n/a	n/a	US$929m
Sep 30 2023	US$16m	US$750k	US$845m
Jun 30 2023	n/a	n/a	US$785m
Mar 31 2023	n/a	n/a	US$812m
Dec 31 2022	n/a	n/a	US$962m
Sep 30 2022	US$16m	US$753k	US$1b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	n/a	n/a	US$2b
Sep 30 2021	US$10m	US$753k	US$2b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	n/a	n/a	US$768m
Sep 30 2020	US$9m	US$630k	US$784m
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$971m
Dec 31 2019	n/a	n/a	US$1b
Sep 30 2019	US$8m	US$602k	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	n/a	n/a	US$2b
Sep 30 2018	US$8m	US$600k	US$747m

Compensation vs Market: Jenny's total compensation ($USD15.69M) is above average for companies of similar size in the German market ($USD4.86M).

Compensation vs Earnings: Jenny's compensation has been consistent with company performance over the past year.

CEO

Jenny Johnson (60 yo)

8yrs

Tenure

US$15,694,227

Compensation

Ms. Jennifer M. Johnson, also known as Jenny, serves as Independent Director at Thermo Fisher Scientific Inc. since July 13, 2023. She serves as the Chief Executive Officer, President of Thermo Fisher Scie...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gregory Johnson	Executive Chairman of the Board	17.9yrs	US$3.22m	1.03% € 106.0m
Jennifer Johnson	President	8yrs	US$15.69m	1.05% € 107.8m
Rupert Johnson	Vice Chairman	53.9yrs	no data	19.9% € 2.0b
Matthew Nicholls	Executive VP	5.6yrs	US$9.64m	0.045% € 4.6m
Adam Spector	Executive VP & Head of Global Distribution	4.2yrs	US$7.18m	0.057% € 5.9m
Terrence Murphy	Executive VP & Head of Public Markets	3.8yrs	US$16.09m	0.0053% € 545.0k
Avinash Satwalekar	President of India	no data	no data	no data
Lindsey Oshita	Senior VP & Chief Accounting Officer	less than a year	no data	0.0018% € 187.2k
Selene Oh	Head of Investor Relations	no data	no data	no data
Thomas Merchant	Executive VP	3.4yrs	no data	0.0063% € 644.8k
Adele Taylor	Senior VP and Lead of Corporate Strategy & Corporate Development	3.1yrs	no data	no data
Sandeep Singh	Regional Head of Central Eastern Europe	7.8yrs	no data	no data

4.2yrs

Average Tenure

56yo

Average Age

Experienced Management: FRK's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gregory Johnson	Executive Chairman of the Board	17.9yrs	US$3.22m	1.03% € 106.0m
Jennifer Johnson	President	4.8yrs	US$15.69m	1.05% € 107.8m
Rupert Johnson	Vice Chairman	53.9yrs	no data	19.9% € 2.0b
Geoffrey Yang	Independent Director	13.8yrs	US$304.00k	0.011% € 1.1m
Mariann Byerwalter	Independent Lead Director	9.8yrs	US$317.00k	0.0034% € 349.6k
Samuel Ginn	Trustee of the Trust	17.9yrs	no data	no data
John Kim	Independent Director	3.8yrs	US$289.00k	no data
Seth Waugh	Independent Director	9.8yrs	US$292.00k	0.00046% € 47.3k
Anthony Noto	Independent Director	4.8yrs	US$292.00k	0.0058% € 592.3k
Alexander Friedman	Independent Director	3.8yrs	US$317.00k	no data
John Thiel	Independent Director	3.8yrs	US$292.00k	0.0046% € 467.9k
Karen King	Independent Director	3.4yrs	US$292.00k	no data

7.3yrs

Average Tenure

63yo

Average Age

Experienced Board: FRK's board of directors are considered experienced (7.3 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 11:18
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Franklin Resources, Inc. is covered by 35 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Benjamin Budish	Barclays
Roger Freeman	Barclays
Etienne Ricard	BMO Capital Markets Equity Research

Franklin Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Franklin Templeton Appoints George Stephan as Global Chief Operating Officer of Wealth Management Alternatives

Insider recently bought €1.7m worth of stock

Insider recently bought €1.8m worth of stock

Insufficient new directors

Franklin Resources, Inc. Announces Executive Changes

Franklin Resources, Inc., Annual General Meeting, Feb 06, 2024

Recent updates

Agnico Eagle Mines Limited (NYSE:AEM) entered into a definitive to acquire O3 Mining Inc. (TSXV:OIII) from Extract Advisors LLC, Franklin Gold and Precious Metals Fund (MutualFund:FKRC.X), managed by Franklin Resources, Inc. (NYSE:BEN) and others for approximately CAD 190 million.

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on January 10, 2025

Bain Capital, LP, Reverence Capital Partners, L.P., BlackRock, Inc. (NYSE:BLK), FMR LLC, Franklin Resources, Inc. (NYSE:BEN) and State Street Global Advisors, Inc completed the acquisition of Envestnet, Inc. (NYSE:ENV) from BlackRock, Inc. (NYSE:BLK), FMR LLC and others.

Full year 2024 earnings released: EPS: US$0.91 (vs US$1.73 in FY 2023)

Franklin Templeton Appoints George Stephan as Global Chief Operating Officer of Wealth Management Alternatives

Franklin Resources, Inc. to Report Q4, 2024 Results on Nov 04, 2024

Upcoming dividend of US$0.31 per share

Insider recently bought €1.7m worth of stock

Third quarter dividend of US$0.31 announced

Insider recently bought €1.8m worth of stock

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on October 11, 2024

Insufficient new directors

Third quarter 2024 earnings released: EPS: US$0.34 (vs US$0.44 in 3Q 2023)

Franklin Resources, Inc. Launches Franklin Ethereum ETF (EZET)

Bain Capital, LP, Reverence Capital Partners, L.P., BlackRock, Inc. (NYSE:BLK), FMR LLC, Franklin Resources, Inc. (NYSE:BEN) and State Street Global Advisors, Inc. agreed to acquire Envestnet, Inc. (NYSE:ENV) from BlackRock, Inc. (NYSE:BLK), FMR LLC and others for $3.6 billion.

Franklin Resources, Inc. to Report Q3, 2024 Results on Jul 26, 2024

Upcoming dividend of US$0.31 per share

Second quarter dividend of US$0.31 announced

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on July 12, 2024

Second quarter 2024 earnings released: EPS: US$0.24 (vs US$0.38 in 2Q 2023)

Franklin Resources, Inc. to Report Q2, 2024 Results on Apr 29, 2024

Eaglebrook Advisors Introduces Managed Bitcoin and Ethereum Separately Managed Account Strategy in Partnership with Franklin Templeton

Upcoming dividend of US$0.31 per share

First quarter dividend of US$0.31 announced

Franklin Resources, Inc. Announces Executive Changes

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on April 12, 2024

First quarter 2024 earnings released: EPS: US$0.52 (vs US$0.32 in 1Q 2023)

Franklin Templeton Launches Franklin Bitcoin ETF

Franklin Resources, Inc. to Report Q1, 2024 Results on Jan 29, 2024

Franklin Resources, Inc., Annual General Meeting, Feb 06, 2024

Upcoming dividend of US$0.31 per share at 4.2% yield

Burtech Acquisition Corp. (NasdaqGM:BRKH) entered into a definitive agreement to acquire Blaize, Inc. from a group of shareholders.

Franklin Resources, Inc. Announces Quarterly Cash Dividend, Payable on January 12, 2024

Franklin Templeton Veteran Andrew Ashton Appointed as Chairman of Franklin Templeton Canada

Full year 2023 earnings released: EPS: US$1.80 (vs US$2.53 in FY 2022)

Franklin Resources, Inc. to Report Q4, 2023 Results on Oct 31, 2023

Upcoming dividend of US$0.30 per share at 4.6% yield

Franklin Resources, Inc. Announces Quarterly Cash Dividend, Payable on October 13, 2023

Third quarter 2023 earnings released: EPS: US$0.46 (vs US$0.50 in 3Q 2022)

Franklin Resources, Inc. to Report Q3, 2023 Results on Jul 28, 2023

Franklin Resources, Inc.(NYSE:BEN) dropped from Russell 1000 Value-Defensive Index

Upcoming dividend of US$0.30 per share at 4.6% yield

Franklin Resources, Inc. Announces Quarterly Cash Dividend, Payable on July 14, 2023

Franklin Resources, Inc. (NYSE:BEN) entered into a definitive agreement to acquire Putnam LLC from Great-West Lifeco Inc. (TSX:GWO) for $1.3 billion.

Second quarter 2023 earnings released: EPS: US$0.38 (vs US$0.68 in 2Q 2022)

Upcoming dividend of US$0.30 per share at 4.6% yield

Franklin Resources, Inc. Announces the Appointment of Leeor P. Avigdor as Senior Vice President, Global Treasurer and Head of M&A

Franklin Resources, Inc. Announces Quarterly Dividend, Payable on April 14, 2023

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources